TOSHIBA 7,000 layoffs

Media business newspaper Nikkei said that Toshiba Corp. intends to reduce 7,000 employees after accounting problems. Reduction in staff from 6,000 to 7,000 people, mostly employees of the company's lifestyle, including consumer appliances.

Toshiba also reported a reduction in operating its plant Ome in Tokyo, Japan, production of television and computer parts laptops, and may lead to the termination television production. Hisao Tanaka, CEO and a network of other senior officials resigned in July after the accounting problems, the largest annual .

The company's chief executive has already realized that the company had inflated its profits more than 1.2 billion dollars in the past few years. So far, the media did not comment yet from Toshiba shares have fallen nearly 43 percent this year as of Monday.

Author: Updated: intellectual quarantine